Geode Capital Management LLC Raises Position in Weis Markets, Inc. (WMK)

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Geode Capital Management LLC boosted its position in shares of Weis Markets, Inc. (NYSE:WMK) by 1.5% during the 4th quarter, reports. The fund owned 176,908 shares of the company’s stock after buying an additional 2,559 shares during the quarter. Geode Capital Management LLC’s holdings in Weis Markets were worth $8,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC bought a new position in Weis Markets during the fourth quarter valued at about $28,000. Great West Life Assurance Co. Can increased its stake in Weis Markets by 59.1% during the fourth quarter. Great West Life Assurance Co. Can now owns 2,541 shares of the company’s stock valued at $115,000 after acquiring an additional 944 shares during the period. Legal & General Group Plc increased its stake in Weis Markets by 30.9% during the third quarter. Legal & General Group Plc now owns 3,227 shares of the company’s stock valued at $140,000 after acquiring an additional 761 shares during the period. Federated Investors Inc. PA increased its stake in Weis Markets by 163.3% during the third quarter. Federated Investors Inc. PA now owns 3,633 shares of the company’s stock valued at $157,000 after acquiring an additional 2,253 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Weis Markets by 60.5% during the fourth quarter. Bank of Montreal Can now owns 3,909 shares of the company’s stock valued at $186,000 after purchasing an additional 1,474 shares in the last quarter. Hedge funds and other institutional investors own 38.61% of the company’s stock.

NYSE WMK opened at $41.46 on Tuesday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 17.76 and a beta of 0.09. Weis Markets, Inc. has a 1-year low of $39.73 and a 1-year high of $57.82.

In related news, COO Kurt A. Schertle acquired 1,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $40.36 per share, with a total value of $40,360.00. Following the completion of the acquisition, the chief operating officer now owns 2,000 shares of the company’s stock, valued at $80,720. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 27.00% of the stock is currently owned by insiders.

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About Weis Markets

Weis Markets, Inc engages in the retail sale of food in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.

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Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

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